CapitaLand Ascott Trust - Phillip Securities 2025-01-28: Growth On All Cylinders

• CapitaLand Ascott Trust remains our top pick in the sector with its geographically diversified portfolio, wide range of lodging asset classes, stable income base which has proven its resilience through COVID-19, and a strong sponsor.
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• 4Q24 portfolio RevPAU increased 9% y-o-y to S$176 despite the high base, reaching 113% of pre-COVID 4Q19 levels. This was driven by a higher average occupancy of 81% (4Q23: 77%) and increased average daily rates (ADR) across the portfolio.
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The Positives

Strong RevPAU growth despite the high base in FY23.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-10-30 CapitaLand Ascott Trust 3Q25 - Committed To Maintaining Stable Dividends.

Previous report by Phillip:
2025-07-31 CapitaLand Ascott Trust - Committed To Stable DPU Despite Upcoming AEIs.

Price targets by other brokers at CapitaLand Ascott Trust Target Prices.

Listing of research reports at CapitaLand Ascott Trust Analyst Reports.

Relevant links:
CapitaLand Ascott Trust Share Price History,
CapitaLand Ascott Trust Announcements,
CapitaLand Ascott Trust Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News